K Bro Linen (TSE:KBL) Given New C$43.00 Price Target at National Bank Financial

K Bro Linen (TSE:KBL) had its price target dropped by equities research analysts at National Bank Financial from C$46.00 to C$43.00 in a note issued to investors on Friday, March 16th. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 17.52% from the company’s current price.

Several other research analysts also recently issued reports on the company. Laurentian raised K Bro Linen from a “hold” rating to a “buy” rating in a research note on Friday, March 16th. TD Securities lifted their price target on K Bro Linen from C$45.00 to C$48.00 and gave the stock a “buy” rating in a research note on Friday, December 15th.

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Shares of TSE:KBL traded down C$0.81 during midday trading on Friday, hitting C$36.59. 3,755 shares of the stock were exchanged, compared to its average volume of 9,614. K Bro Linen has a twelve month low of C$35.75 and a twelve month high of C$43.04.

K Bro Linen (TSE:KBL) last released its quarterly earnings results on Wednesday, March 14th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.33 by C($0.17). The firm had revenue of C$47.51 million for the quarter, compared to analyst estimates of C$46.70 million. K Bro Linen had a return on equity of 7.97% and a net margin of 7.84%.

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About K Bro Linen

K Bro Linen Inc is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and linen services to healthcare institutions, hotels and other commercial accounts. The Company’s services include the processing, management and distribution of general and operating room linens (K Bro Operating Room (KOR) Services), including sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other types of linen.

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